Business

SAVE YOURSELF: Is This The Surefire Way to Protect Your Money in the Inevitable Financial Meltdown?

Decentralized finance (DeFi) has emerged as a revolutionary technology.

Published

3 weeks ago

May 9, 2023

Chris Widener

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CAN DECENTRALIZED FINANCE BE THE WAY TO SAVE YOURSELF AND YOUR FAMILY FROM MELTDOWNS AND TYRANNY?

Decentralized finance (DeFi) is built on the blockchain, which offers a wide range of financial services without the need for intermediaries such as banks or other financial institutions. DeFi has emerged as a popular alternative to traditional finance, offering a more open, transparent, and decentralized financial system. In this article, we will explore why DeFi can protect you from a coming financial meltdown and from tyrannical governments.

DeFi is built on the blockchain, which means that it is inherently decentralized. This means that there is no central authority controlling the system, and all transactions are verified and validated by a distributed network of nodes. This makes the system more resilient and less vulnerable to attack or manipulation. Unlike traditional financial systems, where central authorities have the power to manipulate the system, DeFi is designed to be transparent and immutable.

One of the main advantages of DeFi is that it offers greater financial freedom and control to users. DeFi allows users to access a wide range of financial services without the need for intermediaries. This means that users can transact directly with each other, without having to go through banks or other financial institutions. This gives users greater control over their finances and reduces the risks associated with centralized financial systems.

Another advantage of DeFi is that it is highly transparent. All transactions on the blockchain are public and can be verified by anyone. This means that there is no room for fraud or manipulation, as all transactions are visible to all participants in the network. This level of transparency is not possible in traditional financial systems, where transactions are often opaque and difficult to track.

DeFi also offers greater security to users. Transactions on the blockchain are secured using cryptography, making them virtually impossible to hack or manipulate. This means that users can trust the system, knowing that their funds are secure. Traditional financial systems, on the other hand, are often vulnerable to cyberattacks and fraud, which can result in significant financial losses.

Don’t miss Rich Dad Poor Dad’s Robert Kiyosaki in this absolutely free webinar: The Coming Financial Tsunami. Learn how to protect yourself and your loved ones. Click here NOW to register!

Furthermore, DeFi is designed to be more inclusive and accessible to everyone. Unlike traditional financial systems, which often have high barriers to entry, DeFi is open to anyone with an internet connection. This means that people who are unbanked or underbanked can access financial services that were previously unavailable to them. This inclusivity is important because it helps to reduce financial inequality and promotes greater financial inclusion.

Finally, DeFi is more resilient than traditional financial systems. DeFi is built on a decentralized network of nodes, which means that there is no single point of failure. This makes the system more resilient to attacks and more resistant to financial meltdowns. In traditional financial systems, a single point of failure can have catastrophic consequences, as we saw in the 2008 financial crisis.

DeFi is a new and exciting financial system that offers a wide range of benefits over traditional finance. It is transparent, secure, accessible, and resilient, making it an attractive option for people who are looking to protect themselves from a coming financial meltdown. While DeFi is still in its early stages, it has the potential to transform the world of finance, offering a more open, transparent, and decentralized financial system for everyone.

SEVEN BENEFITS OF DECENTRALIZED FINANCE

Decentralized finance (DeFi) has emerged as a revolutionary technology that enables individuals to conduct financial transactions without the need for intermediaries such as banks or financial institutions. DeFi uses blockchain technology, which provides a transparent and secure way of conducting financial transactions. In this article, we will discuss the benefits of decentralized finance, along with a brief overview of crypto and blockchain.

Overview of Crypto and Blockchain

Crypto refers to digital currencies that use cryptography to secure financial transactions and control the creation of new units. Bitcoin, which was created in 2009, is the most well-known cryptocurrency. It is based on blockchain technology, which is a decentralized ledger that records transactions in a transparent and secure manner. Blockchain technology provides a secure and tamper-proof way of recording transactions, making it ideal for use in financial transactions.

Benefits of Decentralized Finance

Lower Transaction Costs

Decentralized finance provides a cost-effective way of conducting financial transactions. Traditional financial systems are often plagued by high transaction costs, which are passed on to customers. DeFi eliminates the need for intermediaries, which means that transaction costs are significantly lower. This makes it easier for individuals to access financial services and reduces the barriers to entry for new players in the market.

Greater Accessibility

DeFi provides greater accessibility to financial services, particularly for individuals who are unbanked or underbanked. In many parts of the world, people do not have access to traditional banking services due to various factors such as lack of documentation, poor credit history, or living in remote areas. DeFi provides a way for these individuals to access financial services using only a smartphone and an internet connection. This has the potential to increase financial inclusion and reduce poverty.

Increased Transparency

One of the main benefits of blockchain technology is its transparency. Transactions recorded on the blockchain are publicly visible, making it easier to trace the flow of funds. This provides a level of transparency that is not possible with traditional financial systems. Decentralized finance leverages this transparency to provide greater accountability and reduce the risk of fraud. This makes DeFi a more secure and trustworthy way of conducting financial transactions.

Robert Kiyosaki on the Coming Financial Tsunami

More Control Over Personal Data

Traditional financial systems often require individuals to provide personal data such as name, address, and social security number. This data is stored by banks and financial institutions, making it vulnerable to hacks and breaches. DeFi provides individuals with more control over their personal data by using self-sovereign identity solutions. These solutions enable individuals to control their own data and share it only with the parties they trust.

Greater Flexibility

Decentralized finance provides greater flexibility in terms of financial products and services. Traditional financial systems are often rigid, with limited options for customers. DeFi provides a range of financial products and services, including loans, savings accounts, insurance, and investment products. This gives individuals greater flexibility to choose the financial products and services that meet their specific needs.

Faster Settlement Times

Blockchain technology enables faster settlement times for financial transactions. Traditional financial systems often require several intermediaries to process transactions, which can take several days. With DeFi, transactions are processed directly on the blockchain, which means that settlement times can be as fast as a few seconds. This provides greater convenience for customers and reduces the risk of errors and delays.

Reduced Counterparty Risk

Traditional financial systems often involve counterparty risk, which is the risk that one party will fail to fulfill its obligations in a financial transaction. DeFi eliminates counterparty risk by using smart contracts, which are self-executing contracts that automatically execute when certain conditions are met. This provides greater security and reduces the risk of fraud and default.

Conclusion

Decentralized finance is a revolutionary technology that has the potential to transform the financial industry. By eliminating intermediaries, increasing accessibility, increasing transparency, providing more control over personal data, offering greater flexibility, enabling faster settlement times, and reducing counterparty risk, DeFi provides numerous benefits that traditional financial systems cannot match. As DeFi continues to evolve, it has the potential to create a more equitable and inclusive financial system that benefits individuals and communities around the world.

The information provided in this article is for educational purposes only and should not be construed as financial or investment advice. Investing in decentralized finance (DeFi) and cryptocurrencies involves risk and may result in significant financial losses. Readers are advised to conduct their own research and seek the advice of a financial professional before investing in DeFi or cryptocurrencies. The author and publisher of this article are not responsible for any losses incurred as a result of investing in DeFi or cryptocurrencies.

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Chris Widener

Chris is the Founder of PolitiCrossing, one of the World's Top 50 Speakers and a member of the Motivational Speakers Hall of Fame. He considers it a privilege to be able to speak to people, help them lead successful lives, become extraordinary leaders and, masterful salespeople. Chris has authored twenty-three books with three million copies in print in 14 languages and over 450 articles on success, leadership, sales and motivation.

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And there are just two things that will stop it…

Published

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May 17, 2023

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Business

In God We Trust

Published

3 weeks ago

May 8, 2023

Terry L. Paulson, Ph.D., CSP, CPAE

Initially appearing on our coins during the Civil War, “In God We Trust” became the official motto of the United States in 1956. It was meant to affirm that America’s political and economic prosperity of the nation was in God’s hands. But do we believe that today? We certainly don’t seem to act that way. Fewer are attending places of worship or affirming their faith as relevant to their day-to-day choices. The secular world wants to think that man has all the answers in spite of the riots, violence, and despair that our culture still seems to generate.

After spending a day at the Pacific Coast Futures Retreat hosted by Robert Tucker and jatin Das Gupta, I left with renewed hope for the future. Certainly, global warming and other challenges were noted, but rather than dwelling on the problems, the focus was put on innovation and collaborative problem solving’s role in inventing a future we can be proud of. When innovators put their focus on finding solutions, they can be downright impressive! It was a joy spending a day with talented, optimistic visionaries from many disciplines, both private and public. Instead of selling despair, they were all doing their part to cultivate hope.

Rinaldo Brutoco, one of the presenters focusing on the future role of hydrogen, also took a moment to share his experience of working in India with Mother Teresa. He talked of her amazing presence fueled by a rock-solid faith and an unrelenting call to serve. Even in the face of overwhelming challenges, she trusted that God would guide her path. She lived and served in the real world, but she trusted that God was in full control of the big picture.

Long before they had any retreats focused on the future, the Bible provided a hopeful message of what men and women created in God’s image can do. Created by God to have dominion over nature, man was challenged not to destroy creation but to be good stewards of its many gifts and potential.

We were called to be open to the opportunities embedded in every day. In Psalm 118:24, the Psalmist writes, “This is the day the Lord has made, let us rejoice and be glad in it.” Yes, we are to rejoice, not despair. We aren’t to waste a day or the opportunities available. We are to look for ways to put our God-given gifts to use in making each day the masterpiece in can become.

The dual impact of the faith filled coronation of King Charles with another mass shooting in Allen, TX reminds us of being accountable to a higher power and the desperate need for standards to demand we do what is right. As Dostoevsky so aptly stated in his Brothers Karamazov, “If there is no God, everything is permissible.”

Yes, life, even with God, will never be easy. Work and ethics are required to reap the benefits of our innovation. But fear not, God promised that we would find the strength to run the race well. In Isaiah 40:31, the Psalmist proclaims: “Those who wait upon the Lord shall renew their strength. They shall mount up on wings of eagles, they shall run and not be weary. They shall walk and not be faint.” Just as in past generation, we may not have all the answers to address the challenges we face, but with patient perseverance and a will to do what is right, we once again can achieve the purposeful progress God promises.

Never forget that it was out of these Judeo/Christian values, that America’s free-enterprise capitalism was forged. Citizens, given the opportunity to use their God-given gifts unencumbered by government interference and unnecessary controls, are free to live out their own American Dream and thrive. Yes, failures are often part of the price we pay on the road to success, but no country has been more successful than America in creating a culture of innovation and opportunity.

Embracing “In God We Trust” does not mean we leave everything to God. It just means that we know and trust the source of our solid ground. Joyce Meyer, in Hearing God Each Morning, writes: “If I were to say, ‘I am trusting God,’ but then I stay anxious and upset, then I am not really trusting God. If I were to say, “I am trusting God,’ but I sink into depression and despair, then ai am not really trusting God. When we truly trust God, we are able to enter into His rest and allow our hearts to settle into a place of unshakeable confidence in Him.” And if we trust God, we have reason to trust his creation and thus our own ability to achieve our own success.

God doesn’t create junk. He gives each of us wisdom, unique skills, and a sense of calling and purpose. What’s your place in America’s future? No politicians will give that to you. Find and develop your own skills, learn and keep relearning, network and collaborate with like-minded innovators, and find ways to serve that excite and inspire you. Trust that half of what you could do hasn’t even been created yet. Keep your eyes open every day and be ready to seize new opportunities. Why not join in the adventure of creating America’s future?

If you are still thinking our problems are too big to trust God and man’s innovations to handle, take time to look into the many solutions on the horizon. If you’re worried about the end of fossil fuels, hydrogen and fusion power are being developed to meet our needs. Watch a reporter in Israel share the potential of the

Aquarius Engine, a superlight hydrogen powered engine literally ready to be developed and used. There is no way of knowing whether this engine will win the day, but it’s exciting to know that there are alternatives already being created.

If we use the gifts God gave us to do what is right and to serve where we are planted, we just might be part of creating the future we all want to have. Instead of giving in to despair, cultivate a little more hope. Maybe, we can once more claim and live out our motto, “In God We Trust.” Amen.

To once again kindle a daily trust in God, consider purchasing Dr. Paulson’s newly released ”Joy Comes with the Morning” course today! Get ready to enjoy the 31 short, recorded messages on your computer or smart phone. Each message is designed to expand and enhance your joy-filled faith experience whenever you need or want it. Visit tomeapp.com/joy to start bringing more Christian joy to your morning today. Contact him at [email protected]